Internal Assessment Test On Strategic Management, July 2016

20 Questions

Settings
Please wait...
Internal Assessment Test On Strategic Management, July 2016

Fourth Semester MBA


Questions and Answers
  • 1. 
    Which of the following is not a benefit of Strategic Management?
    • A. 

      Sense of strategic vision

    • B. 

      Sharper focus on what is strategically important

    • C. 

      New top management for the organisation

    • D. 

      Understanding of turbulent environment

  • 2. 
    Cultural values would be a part of which of the following factor in macro environment?
    • A. 

      Demographic

    • B. 

      Social

    • C. 

      Ecological

    • D. 

      Political

  • 3. 
    • A. 

      Introduction

    • B. 

      Growth

    • C. 

      Stability

    • D. 

      Disinvestment

  • 4. 
    Low cost, differentiation and focus are examples of _______________
    • A. 

      Generic Strategies

    • B. 

      Corporate Strategies

    • C. 

      Functional Strategies

    • D. 

      Operational Strategies

  • 5. 
    Which of the following statement is TRUE about the establishment of objectives?
    • A. 

      It is a Lower-management activity

    • B. 

      It is a Centralized activity

    • C. 

      It is a Decentralized activity

    • D. 

      It is a Top-management activity

  • 6. 
    The _________ answers the question "What do we want to become?" whereas_________answers the question "What is our business?"
    • A. 

      Vision statement; mission statement

    • B. 

      Short-term objectives; long-term objectives

    • C. 

      Objectives; strategies

    • D. 

      Mission; vision

  • 7. 
    All of these, except__________, are part of Porter's competitive forces in industryanalysis
    • A. 

      Potential entry of new competitors

    • B. 

      Bargaining power of suppliers

    • C. 

      Bargaining power of union

    • D. 

      Development of substitute products

  • 8. 
    The board of directors in an organization_______________
    • A. 

      Is responsible for the implementation of the organization's operating activities.

    • B. 

      Plays a significant role in corporate governance.

    • C. 

      Serves in the role of executive management.

    • D. 

      Is not an important part of the organization's strategic development

  • 9. 
    All of the following roles are representative of effective strategic leadership EXCEPT___________
    • A. 

      establishing appropriately balanced controls.

    • B. 

      Exploiting and maintaining core competencies.

    • C. 

      Emphasizing ethical decisions and practices

    • D. 

      Checking inventory management.

  • 10. 
    Competitive advantage can best be described as______________
    • A. 

      Increased efficiency

    • B. 

      What sets an organisation apart

    • C. 

      Intangible resources

    • D. 

      A strength of an organisation

  • 11. 
    For a capability to provide a sustained competitive advantage it must be ___________
    • A. 

      Aligned with the organization’s value proposition

    • B. 

      Difficult for competitors to imitate

    • C. 

      Durable over time

    • D. 

      All of the above

  • 12. 
    Core Competence, ”The Future of Competition: Co-creating Unique Value with Customers,  and “The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits” are the contributions made by which Indian Management Guru?
    • A. 

      C. K. Prahalad

    • B. 

      Udai Pareekh

    • C. 

      Amartya Sen

    • D. 

      Deepak Chopra

  • 13. 
    The following parameters are analysed in VRIN analysis:
    • A. 

      Vision, Rare, Inimitable and Non-substitutable

    • B. 

      Valuable, Rare, Inimitable and Non-substitutable

    • C. 

      Valuable, Rare, Inimitable and Non-standardised

    • D. 

      Valuable, Rare, Inspiration and Non-substitutable

  • 14. 
    Strategy implementation involves careful formulation of ________________
    • A. 

      Programmes, Marketing, Policies, Procedures and Rules

    • B. 

      Budgets, Marketing, HR, Technology and Co-operation

    • C. 

      Programmes, Budgets, Policies, Procedures and Rules

    • D. 

      Budgets, HR Policies, Administration Procedures and Marketing Rules

  • 15. 
    Balanced Score Card is a management technique which isolates the following four separate areas and analyses them:
    • A. 

      Finance, HR, Marketing and Operations

    • B. 

      Business Growth, Marketing Capabilities, HR Strengths and Customer Base

    • C. 

      Learning & Growth, Business Processes, Customers and Finance

    • D. 

      Competitive Advantage, Core Competence, Sustainability, CSR

  • 16. 
    Define, Measure, Analyse, Improve, Control (DMAIC) is an approach for quality improvement in ____________
    • A. 

      Quality Circles

    • B. 

      Six Sigma

    • C. 

      SEI-CMM Level 5

    • D. 

      Continuous Quality Improvements (CQI)

  • 17. 
    Strategic Implementation Control involves _______________
    • A. 

      Premise Control, Strategic Surveillance, Implementation Control and Special Alert Control

    • B. 

      Programme Control, Environment Control, Monitoring Control and Special Alert Control

    • C. 

      Premise Control, Marketing Surveillance, Implementation Control and Feedback Control

    • D. 

      Programme Control, Strategic Surveillance, Evaluation Control and Feedback Control

  • 18. 
    ›Moral values, beliefs, and rules that establish the appropriate way for an organization and its members to deal with each other and people outside the organization is called _____________
    • A. 

      Individual Ethics

    • B. 

      Organisational Ethics

    • C. 

      Organisational Culture

    • D. 

      Business Values

  • 19. 
    _________________  is about the goals, theories and planning relating to applications of information and technical knowledge within an organisation
    • A. 

      Corporate Strategy

    • B. 

      Operations Strategy

    • C. 

      R&D Strategy

    • D. 

      IT Strategy

  • 20. 
    An effort to capture not only explicit factual information but also the tacit information and knowledge that exists in an organization, usually based on the experience and learning of individual employees, in order to advance the organization's mission is known as _______________________
    • A. 

      Information Management

    • B. 

      Knowledge Management

    • C. 

      Data Management

    • D. 

      Internet of Things (IOT)